After two Tesla veterans launched Northvolt in 2017, the Swedish battery developer rapidly became Europeâs most prominent champion in the race to develop local electric vehicle and battery industries. Though it had never made a battery, the company announced a whirlwind of plans for vertical integrationâplants across Europe and in Canada that would process lithium, make electrodes, manufacture batteries and recycle them when they were spent. Northvolt would make next-generation... Read more âș
0
A massage, then maybe a dip in the pool? If thatâs your idea of a spa day, then this will really get your brain twisted into knots: These days, the coolest, most exclusive spas are downright space age and come complete with amenities like high-definition cameras to assess scalp health, compression suits to promote healthy drainage of lymphatic fluid, and three-dimensional dermal scanning, which uses heat to show a bodyâs... Read more âș
1
Welcome, Weekenders! In this newsletter:The fame, feud and fortune behind billionaire Alexandr WangThe best high-tech spasPlus: An apocalypse found; a marvelous, murderous melodrama; and requiem for a reality TV star.Until this moment, it was hard to know how seriously to take Donald Trumpâs emerging courtship of Silicon Valley leaders. Yes, he had a glitzy fundraiser at David Sacksâ Pacific Heights home earlier this monthâand yes, heâd won over people like... Read more âș
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After Thursday nightâs presidential debate, the prospects of another Donald Trump administration seem, wellâŠinevitable. (Donât shoot the messenger!) For tech folks, that heralds a friendlier regulatory regime toward crypto for sure and probably also toward tech M&A, given the freeze imposed on even the tiniest of deals by President Joe Bidenâs antitrust crew. Indeed, the business-friendly impact of the first Trump administration can be seen in Supreme Court rulings on... Read more âș
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Amazon is planning to use the same controversial trade rule as Temu and Shein to import items sold on its upcoming discount section without paying duties, according to a person close to the Amazon team working on the project. While the expected move will help Amazon offer prices that are more competitive with its ascendant rivals, itâs also likely to thrust Amazon into the center of heated political debate around... Read more âș
7
Would Threads would overtake X? Will Sam Altman be toast? After 52 lively episodes, we looked back on some of our big themes, gave ourselves some grades and looked to the next year in tech. Hope you enjoy! Apple Spotify YouTube Read more âș
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In January 2021, Alexandr Wangâs friends and colleagues gathered for a party at his swank South of Market apartment, which featured a 2,000-foot private terrace with a hot tub and views of the San Francisco skyline. Wang, co-founder and CEO of Scale AI, wanted to mark his birthday with a bang: He was turning 24. Wang had spent the holidays with his family in his native New Mexico and returned... Read more âș
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There are dozens of tech companies hoping to go public, including specialists in enterprise software, retail, artificial intelligenceâand most surprisingly, crypto. This week, we reported that Animoca Brands, which owns stakes in more than 400 crypto and metaverse companies, is looking into going public next year. The company was previously publicly traded in Australia but delisted in 2020. This time, itâs considering listing shares in Hong Kong or the Middle... Read more âș
0
Yusaku Maezawa had just a few requests for SpaceX. In 2018, the Japanese e-commerce billionaire had agreed to pay SpaceX to fly himself and a crew of eight artists around the moon for a first-of-its-kind project called dearMoon. As part of the deal, Maezawa asked SpaceX to customize the interior of the crew capsule of Starship, the 400-foot-tall rocket that would take the group to space. Mockups of the design... Read more âș
0
This morning, I read Brian Stelterâs just-published opus in The Atlantic on the travails of The Washington Post and its owner, Jeff Bezos, with much interest.The paperâs business struggles and leadership crisis are a constant closed-door subject among news leaders right now. The piece is excellent and full of details about Bezosâ hands-off approach, raising important questions about how one of the worldâs most successful businesspeople will lead the company... Read more âș
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Early last year, venture capitalist Tom Loverro offered a grim prediction. He wrote that a mass extinction event was coming for startups that would make the 2008 financial crisis âlook quaint.â At the time, he told companies to reduce expenses through layoffs and focus on survival rather than keeping their valuations high. Now heâs back with a much rosier projection. Startups that endured that gruesome period can start spending to... Read more âș
0
Iâm at VidCon, where the Anaheim Convention Center is bustling and the mood is upbeat, even though it feels like brands and social apps shelled out less money for splashy pop up experiences and lounges than in the past. The displays did underscore how the creator economy is maturing, as more big brands get behind influencers.  Fanta parked a bright orange truck outside the convention center promoting the relaunch of... Read more âș
0
Under pressure from regulators in Europe and elsewhere, Apple in recent years has taken small steps toward making the iPhone easier for consumers to repair. But self-repair remains a cumbersome step for consumersâparticularly when it comes to battery replacement. Under a law passed by the European Union last year, phone makers have to ensure smartphone batteries can be replaced by their owners with easily accessible tools by 2025. With that... Read more âș
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U.S. rules curbing the export of artificial intelligence chips to China are beginning to squeeze the countryâs AI industry. And companies ranging from behemoths like Alibaba to rising startups like Moonshot AI are all grappling with the impact. After Chinese online video giant Kuaishou unveiled a test version of Kling, its text-to-video AI model similar to OpenAIâs Sora, so many people rushed to sign up for the trial that Kuaishou... Read more âș
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We repeatedly heard two questions following our report on OpenAIâs staggering revenue growth earlier this month: What percentage of revenue comes from ChatGPT subscriptions versus OpenAIâs application programming interface, through which app developers can access its models? And what are OpenAIâs computing costs?This morningâs in-depth piece from Aaron brings us closer to answering both.Subscriptions to ChatGPT are the majority of OpenAIâs revenue by quite a marginâbut its API business seems... Read more âș
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When Microsoft formed an alliance in 2019 with OpenAI to resell the startupâs artificial intelligence, it brought the reputation, connections and sales muscle to the table that seemed key for winning deals with large customers. Turns out OpenAI itself has gotten pretty good at cutting those deals. The revenue that the startupâbest known for its ChatGPT chatbotâmakes from selling access to AI models such as GPT-4 now exceeds what Microsoft... Read more âș
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A senior U.S. lithium industry executive has called for Western car and battery companies to pay a premium for lithium refined in the U.S., arguing that prices for the metal are too low to cover the cost of building and running processing plants there. Read more âș
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I'd prefer that artificial intelligence stay out of filmmaking, but like any other industry, AI is bound to disrupt Hollywood, especially if itâs left up to venture capitalists. News this morning proves it. Independent film studio A24 announced that it has raised money from New York venture capital firm Thrive Capital, run by Josh Kushnerâbrother of Jared Kushner. I hear that Thrive invested $75 million of a $250 million round... Read more âș
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The Kids Online Safety Act, a federal bill that requires social media platforms to take âreasonable measuresâ to prevent harm, is scheduled to be considered by the House Energy and Commerce Committee Thursday. Itâs a small step for proponents of the bill after years of political rumblings about the need for tougher controls over social platforms. Some tech companies, notably Snap and X, support the proposed legislation. But thereâs no... Read more âș
0
Amazon plans to launch a section on its shopping site featuring cheap items that ship directly to overseas consumers from warehouses in China, according to slides shown to Chinese sellers, marking the e-commerce giantâs most aggressive response yet to the growth of bargain sites like Temu and Shein. The new marketplace will offer unbranded fashion, home goods and daily necessities, according to the slides, and orders will take 9 to... Read more âș
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Most popular sources
Business Insider
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28% 0 |
Wired
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9% 5 |
Tech Wire Asia
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7% 5 |
Gizmodo
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7% 1 |
The Verge
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6% 1 |
| View sources » | |
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26.11.2024 21:32
Last update: 21:21 EDT.
News rating updated: 04:20.
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